CANADA CLINICAL NUTRITION MARKET ANALYSIS

Canada Clinical Nutrition Market, By Nutrition Type (Enteral Nutrition (Standard Nutrition, Disease Specific Nutrition), Parenteral Nutrition (Amino Acid, Carbohydrates, Vitamins and Minerals, Others (Proteins, Lipids among Others))), By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others (Nutrition Bar, among Others)), By Route of Administration (Oral, Enteral, Parenteral), By Age Group (Infant Nutrition, Adult Nutrition, Geriatric Nutrition), By Application (Diabetes, Cancer, Critical Care, Neurological Disorder, Metabolic Syndrome, Gastrointestinal Diseases, Other (Cardiovascular Diseases and Others)), By End User (Hospitals, Ambulatory Surgical Centers, Long Term Care Facilities)

Published In : Oct 2023
Code : CMI4446
Pages :201
Formats :
Excel and PDF
Industry : Pharmaceutical

Canada Clinical Nutrition MarketSize and Trends

The Canada Clinical Nutrition Market is estimated to be valued at US$ 642.9 million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).

Figure 1. Canada Clinical Nutrition Market Share (%), By Nutrition Type, 2023

Market Trends

Increasing Awareness about the Nutrition Among Canadian Population: Due to the increase in awareness about nutrition among the Canadian population, there has been a growing demand for clinical nutrition among the population. This is expected to drive the growth of the Canada clinical nutrition market over the forecast period. For instance, since COVID-19 pandemic, awareness about the importance of proper nutrition and its impact on health has grown significantly among Canadians. More patients and healthcare providers now recognize that dietary modifications and nutrition interventions play a crucial role in treatment and management of chronic diseases. This growing recognition has fueled greater demand for specialized clinical nutrition products and services. For example, according to the research article published in the journal Healthcare 2022, as per the survey carried out by Dietitians of Canada, in the year 2021, it was found that over 80% of Canadians believe nutrition is important for disease prevention and management, compared to just 60% five years ago. As knowledge increases, consumers and doctors are more willing to utilize personalized nutritional therapies for conditions like diabetes, obesity, cardiovascular issues, and gastrointestinal disorders.
Increasing Acquisition by the Market Players: Market players are focused on inorganic growth strategies, such as signing acquisition agreements, in order to expand its product portfolio and geographical presence in the market. In February 2022, Nestle Health Science, a provider of nutrition-based products, acquired Orgain Company, a plant-based nutrition-based company. In this agreement, Nestle would be able to expand the reach of the company Orgain Nutrition Products i.e. plant-based nutrition products, worldwide.